Urban Outfitters, Inc. (NASDAQ:URBN – Get Free Report) CFO Melanie Marein-Efron sold 5,700 shares of the company’s stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $80.75, for a total transaction of $460,275.00. Following the transaction, the chief financial officer owned 11,323 shares of the company’s stock, valued at $914,332.25. This represents a 33.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Urban Outfitters Stock Down 2.3%
Shares of NASDAQ:URBN opened at $77.58 on Thursday. The company’s 50-day moving average price is $75.33 and its 200 day moving average price is $71.39. The company has a market cap of $6.64 billion, a PE ratio of 12.10, a P/E/G ratio of 1.25 and a beta of 1.26. Urban Outfitters, Inc. has a fifty-two week low of $59.53 and a fifty-two week high of $85.43.
Urban Outfitters (NASDAQ:URBN – Get Free Report) last posted its earnings results on Thursday, August 27th. The apparel retailer reported $1.72 EPS for the quarter, hitting the consensus estimate of $1.72. The firm had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Urban Outfitters had a net margin of 8.79% and a return on equity of 18.64%. Urban Outfitters’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.58 EPS. As a group, equities analysts anticipate that Urban Outfitters, Inc. will post 6.16 EPS for the current year.
Analysts Set New Price Targets
Get Our Latest Stock Report on URBN
Institutional Investors Weigh In On Urban Outfitters
A number of large investors have recently bought and sold shares of URBN. Eurizon Capital SGR S.p.A. acquired a new stake in Urban Outfitters during the 4th quarter worth approximately $27,000. Brown Brothers Harriman & Co. lifted its holdings in Urban Outfitters by 815.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 366 shares of the apparel retailer’s stock worth $28,000 after purchasing an additional 326 shares during the last quarter. Allworth Financial LP bought a new stake in Urban Outfitters in the 2nd quarter valued at $31,000. Transamerica Financial Advisors LLC boosted its stake in Urban Outfitters by 566.7% in the 4th quarter. Transamerica Financial Advisors LLC now owns 440 shares of the apparel retailer’s stock valued at $33,000 after purchasing an additional 374 shares during the period. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Urban Outfitters in the 4th quarter valued at $33,000. 77.61% of the stock is currently owned by institutional investors.
About Urban Outfitters
Urban Outfitters, Inc is a global lifestyle retailer headquartered in Philadelphia, Pennsylvania. Established in 1970 by Richard Hayne, Scott Belair and Judy Wicks, the company began as a single store catering to college students in the city’s historic Old City neighborhood. Over the decades, Urban Outfitters has expanded its reach and diversified its portfolio to include multiple retail concepts addressing distinct customer segments.
The company operates through several well-known brands, each offering a curated selection of apparel, footwear, accessories and home goods.
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